Welcome to our dedicated page for Formula Systems news (Ticker: FORTY), a resource for investors and traders seeking the latest updates and insights on Formula Systems stock.
Formula Systems (1985) Ltd. reports developments for a global information technology holding company that provides software consulting services, computer-based business solutions, and proprietary software products through subsidiaries and affiliates. News commonly covers quarterly and annual operating results, revenue and income trends, dividend declarations, and compliance with debenture covenants.
Coverage also includes capital-market actions tied to ordinary shares on the Tel Aviv Stock Exchange and ADSs on Nasdaq, Israeli debenture matters, annual Form 20-F reporting, shareholder meeting materials, and portfolio events involving Matrix IT, Magic Software, and Sapiens.
Formula Systems (Nasdaq/TASE: FORTY) reported record Q1 2026 results. Revenue rose 19.2% year over year to $738.3 million and operating income grew 65.6% to $82.0 million, including a $16.8 million capital gain.
Net income attributable to shareholders increased 84.5% to $35.6 million ($2.25 EPS). Net income from continued operations rose 203.4% to $35.6 million, or 60.5% to $18.9 million excluding the capital gain. The company completed the Matrix–Magic Software merger, remained in full compliance with debenture covenants, and held $1.18 billion in cash and deposits. A special cash dividend of $13.045 per share (about $200 million) will be paid on June 4, 2026 to shareholders of record on May 25, 2026.
Formula Systems (Nasdaq/TASE: FORTY) declared a special cash dividend of approximately $200 million, or $13.045 per share, based on 2025 results and the completion of the Sapiens acquisition by Advent.
The dividend will be paid on June 4, 2026 to shareholders of record on May 25, 2026, in U.S. dollars for both TASE-traded ordinary shares and Nasdaq-traded ADRs. Israeli withholding tax of 25%–30% will apply, subject to exemptions.
Formula Systems (Nasdaq and TASE: FORTY) reported record 2025 results driven by the Sapiens sale and strong subsidiary performance. Full-year revenue rose 18.4% to $2.63 billion and net income attributable to shareholders reached $606.5 million. The company held approximately $1.3 billion in cash and expects a dividend of up to $200 million, subject to audit and board approval.
Q4 revenue was a record $708.4 million, while Q4 operating income declined on higher amortization (+$18.7 million). The company presented Sapiens as discontinued operations after its Dec 17, 2025 closing.
Formula Systems (NASDAQ/TASE: FORTY) reported Q3 2025 and nine-month results, citing consolidated Q3 revenue $696.6M (+23.6% YoY) and nine-month revenue $1.92B (+15.6% YoY). Operating income was $54.6M in Q3 (+10.8% YoY) and $154.8M for nine months (+14.4% YoY). The company treats Sapiens as discontinued operations after Sapiens agreed to a $43.50/share acquisition by Advent; Formula will retain ~18% ownership. Formula declared a cash dividend of NIS 1.64 per share payable Jan 13, 2026. Cash and short-term deposits totaled $432.1M (Dec 31, 2024: $563.2M). Total equity was $1.58B (47.4%). Company remains compliant with debenture covenants, reporting net debt/EBITDA 0.13.
Formula Systems (NASDAQ: FORTY) reported strong Q2 2025 financial results with revenues reaching an all-time high of $743.4 million, up 11.3% year-over-year. Operating income increased by 4.4% to $67.9 million, while net income decreased 20.1% to $15.1 million ($0.95 per share) due to increased financial expenses from NIS appreciation.
Key developments include Sapiens' acquisition agreement with Advent at $43.50 per share (64% premium), where Formula will retain an 18% stake, expecting a $775 million capital gain. The company declared a dividend of approximately $0.50 per share. Michpal Technologies is preparing for an IPO, showing 29.1% revenue growth to NIS 97.2 million in H1 2025.
The company maintains strong financial position with $406.2 million in cash and deposits, and total equity of $1.46 billion as of June 30, 2025.
Formula Systems (FORTY) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission. The report, which includes the company's audited annual financial statements for 2024, was filed on May 14, 2025. The document is accessible through the SEC's website and Formula's investor relations page. Shareholders can request a free hard copy of the annual report by contacting the company's CFO, Asaf Berenstin.
Formula Systems (FORTY) reported strong financial results for Q4 and full year 2024. The company achieved record-breaking annual revenues of $2.76 billion, marking a 5.2% year-over-year increase, while net income grew 24.5% to $79.7 million.
A significant highlight is the announced non-binding MOU between Matrix and Magic Software for a landmark merger transaction. Under the proposed deal, Matrix would acquire Magic Software through a reverse triangular merger, creating a combined entity with an approximate market cap of NIS 7.7 billion ($2.1 billion). The exchange ratio is set at 68.875% / 31.125% between Matrix and Magic Software shareholders.
Key subsidiary performances include:
- Matrix: Record Q4 with 4.1% revenue growth to NIS 1.37 billion
- Magic Software: 13.6% revenue growth to $142.6 million in Q4
- Sapiens: Full-year revenues reached $542.4 million, up 5.4%
- Michpal Technologies: 12% revenue growth to NIS 159 million
- TSG: Q4 revenues up 19.2% to NIS 85.6 million
Formula Systems reported strong Q3 2024 financial results with revenues increasing 6.9% year-over-year to a record $699.9 million. Operating income grew 21.9% to $71.0 million, including a $6.5 million capital gain from TSG IT Advanced Systems' IPO. Net income attributable to shareholders rose 51.4% to $23.6 million ($1.51 per share). For the nine-month period, revenues increased 4.3% to $2.07 billion, with operating income up 11% to $198.7 million. The company maintains strong cash positions with $510.9 million in cash and short-term deposits, and total equity of $1.36 billion as of September 30, 2024.
Formula Systems (NASDAQ: FORTY) reported strong financial results for Q2 and H1 2024. Q2 highlights include:
- Revenue increased 1.9% to $667.7 million
- Operating income rose 8.4% to a record $65.0 million
- Net income attributable to shareholders grew 10.7% to $18.8 million
H1 2024 performance:
- Revenue up 3.0% to $1.37 billion
- Operating income increased 5.7% to $127.6 million
- Net income attributable to shareholders rose 10.1% to $36.0 million
The company declared a dividend of NIS 2.32 per share. Formula's subsidiaries, including Matrix, Sapiens, and Magic Software, reported strong results across various sectors.